Assignment Fundamentals of Management
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Added on 2020-03-23
Assignment Fundamentals of Management
Added on 2020-03-23
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FUNDAMENTALS OF MANAGEMENT Fundamentals of Management Student’s nameName of the Institute
FUNDAMENTALS OF MANAGEMENT Table of ContentsIntroduction...........................................................................................................................................3Analysis...................................................................................................................................................3Conclusion..............................................................................................................................................9References............................................................................................................................................10
FUNDAMENTALS OF MANAGEMENT IntroductionIt would be correct to say that one of the key roles of managers is to make effective decision. There are times when managers must make decisions in the tough times. It is expected that managers would come out of their personal biases and take the decision that is best for the team and the organization (Govindan & Rajendran, 2015). The objective of this paper is to discuss the case study of Australian Pharmaceutical Corporation. The paper would use the eight-step decision making process to solve the case study. In this paper, I would argue that the manager should not allow the use of drug in Western Africa. Analysis The case study presents that the drug has not been tested on human beings. Therefore, it cannot be said with 100% guarantee that the drug would be successful for humans. It would be interesting to analyze the decision-making process with respect to the eight-step decision makingmodel. The eight-step decision making process for this case can be discussed as: Step 1: Define the problemIn this case the problem is to decide if the drug should be allowed to launch in Africa. As mentioned in the case, the drug is successful tested on animals in Australia. However, the drug isnot tested for humans and it would take another 10 years to test the drug on humans. At the sametime, the drug has the potential to cure the virus that is spreading fast in West Africa. Therefore, the decision has to be made if the drug should be shared with West Africa or not. This drug or vaccine is still at the experimental stage only.
FUNDAMENTALS OF MANAGEMENT Step 2: Determine the requirements that the solution to the problem must meetThe solution to the problem must meet the requirement of making one of the decisions. The case presents that the manager has to make decision between the two options. The first option is that the drug should not be shared with the people in the West Africa. The second option is that the drug could be shared with the people in the West Africa. It is also required that the decision should be ethical in nature and the decision should be able to help others. However, the problem in this case is that the end state could not be realized at the initial stage. Step 3: Establish goals that solving the problem should accomplishIt is expected that the solution would be beneficial to different stakeholders. The three key stakeholders in this case are:i.The organization that has developed the drug, it would also include the decision make or the manager in the organization that has to make the decision ii.The organization or the people in West Africa that wants the drug, it would include the health worker in West Africa. iii.The people who would use the drugThe goal or problem solving would be to meet the expectations of these stakeholders. There are other stakeholders also that should be convinced. For example, the government of both the nations is also important stakeholders. It is important that the expectations of these governments should also be met (Kabir & Sadiq, 2014). The goal should be to take this task as a project and the larger goals should be broken down into smaller objectives. Thus, based on the scope, time and cost, appropriate quality preparation should be made so that everything should be balanced
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